POWERBALL vs Rain

Rain (RAIN) is 125816.2× the size of POWERBALL (BALL) by market capitalisation. Over the past 30 days, BALL is ahead by 34.1 percentage points (BALL -26.9% against RAIN -61.0%). Their daily returns move barely together (correlation 0.04 across 23 shared trading days). RAIN has been the more volatile of the two, at 135% annualised against BALL's 38%.

Correlation: 0.04
Size ratio: 1 : 125816.2
Ahead over 30 days: BALL

POWERBALLBALL

$3.569e-5

24h: —
Market cap: $34,949
Volume 24h: $194
Volatility (ann.): 38%

RainRAIN

$0.006155

24h: -2.49%
Market cap: $4.40B
Volume 24h: $13.92M
Volatility (ann.): 135%

BALL 0.0%Share of the two combined market caps100.0% RAIN

Performance

BALLRAIN

7 days-7.08%-11.68%BALL
30 days-26.91%-60.96%BALL

Correlation

0.04over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	BALL	RAIN
Max drawdown (400d)	-30.2%	-69.3%
Risk-adjusted return (90d)	-0.72	-0.40

Relative strength over 90 days: BALL outperformed RAIN by 34.0% — measured on the BALL/RAIN ratio, so it holds regardless of market direction.

POWERBALL →Rain →